In a report released on April 17, Nik Modi from RBC Capital maintained a Hold rating on Procter & Gamble (PG – Research Report), with a price target of $157.00. The company’s shares closed yesterday at $157.29.
According to TipRanks, Modi is a 5-star analyst with an average return of 5.9% and a 57.11% success rate. Modi covers the Consumer Defensive sector, focusing on stocks such as Colgate-Palmolive, Constellation Brands, and Kimberly Clark.
In addition to RBC Capital, Procter & Gamble also received a Hold from Bernstein’s Callum Elliott in a report issued on April 15. However, on April 16, Bank of America Securities maintained a Buy rating on Procter & Gamble (NYSE: PG).
PG market cap is currently $369.3B and has a P/E ratio of 26.29.
Based on the recent corporate insider activity of 140 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PG in relation to earlier this year. Most recently, in February 2024, Francisco Ma. Fatima , the CEO – Baby, Fem & Family Care of PG sold 20,323.00 shares for a total of $3,272,003.00.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Procter & Gamble (PG) Company Description:
Procter & Gamble Co. manufactures and sells branded consumer packaged goods across five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. Some of the popular brands owned by the company include Head & Shoulders, Pantene, Olay, Gillette, Oral-B, Vicks, Ariel, Tide, Pampers, Luvs and Bounty. The company was founded by William Procter and James Gamble in 1837 and is headquartered in Cincinnati, OH.
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